Coalfield Community Transport SCIO
Latest income
£1.3m
Latest spending
£836k
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that the charity reported an overall surplus of £417,365 for the year ended 31 March 2024, driven by capital grants of £431,848. Per the trustees' report, unrestricted free cash reserves totalled £405,826, which the trustees consider adequate to fund activities for the foreseeable future despite economic uncertainty.
What the accounts disclose
Related-party transaction: One trustee is an elected councillor of East Ayrshire Council, a principal funder, but serves as trustee solely as an individual.
“There were no related party transactions with trustees, with the exception of the relationship between one trustees and a principal funder. This is an elected councillor of East Ayrshire Council but who serves as trustee of the charity solely as an individual and not as a representative of that funder.”
Per FY2024 accounts as filed with OSCR.